Posted on 18 Aug 2011
Scrap
- Scrap price rise in south China but dip in the north. Guiyang Special Steel in southwest raised it scrap buying prices by RMB 80 per tonne ($13) to RMB 3,700 ($578) with 17% VAT for heaving melting scrap (>6mm). Meanwhile, Cingyuan Iron and Steel in northeast cut scrap buying price by RMB20-50 to RMB 3,680-3,830 per tonne with VAT for HMS (>6mm) – source: SBB
Semis
- LME's official three-month price steady at $565-575 per tonne – source: MB
Bar
- Persian Gulf rebar prices remain steady at $730-735 per tonne CFR due to quiet market on Ramadan – source: MB
- CIS rebar exporters lower prices to $700-710 per tonne FOB – source: MB
HRC
- Middle East HRC prices steady at $735-750 per tonne CFR for October delivery – source: MB
- China is offering commercial grade HRC to Vietnam at $730-740 per tonne CFR, up by $10 – source: MB
- Mills in Taiwan and Korea continue to lift export offers for 2mm base thickness SAE 1006 rerolling grade hot rolled coil to southeast Asia to $720-730 per tonne FOB – source: SBB
- In Vietnam, Korean and Japanese HRC are offered at $750-760 per tonne CFR – source: SBB
